June 15, 2016 - Contax Partners’ Energy Feed

Saudi Arabia seeks international investors for 2 solar plants

Saudi Arabia is looking for international investors to develop two solar power plants and will be using a deal structure that could become the model for the Kingdom's infrastructure projects. Saudi Electricity Company (SEC) is inviting expressions of interest from firms or consortiums for the development of two solar plants at Al-Jouf and Rafha. Each plant is expected to cost between $100mn and $120mn and will have a capacity of as much as 50MW.

Oman plans to build major water project in Muscat-Barka area

As Oman's demand for water is growing at an annual rate of c.6%, Oman Power and Water Procurement Company (OPWP), the country’s sole procurer of new electricity generation and water desalination capacity, is preparing for the development of another major water desalination project. OPWP has floated a tender seeking bids from consultancy companies to provide financial and commercial advisory services for the development of a water desalination capacity; a range of 225,000 to 325,000 cubic meters per day (50-72 million imperial gallons per day). The tender documents are available from June 7 to 16 and the last date for submitting bids is July 17. The plant is expected to be operational by 2021.

Oman plans to tender around 5 oil blocks in October

The Omani government plans to tender around 5 oil blocks in October 2016. These oil & gas blocks are spread across various areas of the country and will be awarded via a tendering process on a production sharing basis. Evaluations of the various locations are currently taking place and the decision for tendering blocks (which could be either more than 5 or less than 5) will take place after the collection and evaluation of data. While these blocks have both oil and gas deposits, they are predominantly oil blocks..

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